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EXHIBIT 1

New Version of the Articles of

SAP Aktiengesellschaft

Systeme, Anwendungen, Produkte in der Datenverarbeitung


Registered and domiciled in Walldorf,
Germany



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Version (English Translation):


New version dated August 2, 2002
reflecting the resolutions of the General Meeting of
Shareholders of May 3, 2002, agenda item 10,
concerning the title of section 20 and the addition of
section 20 (3) and (4) and
section 23 (7)




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ARTICLES OF INCORPORATION



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I. General Provisions

Section 1

Corporate Name, Registered Office and
Domicile, and Period of Incorporation


1.   The name of the Company is:

SAP Aktiengesellschaft Systeme, Anwendungen,
Produkte in der Datenverarbeitung.

2.   The Companys registered
office and domicile is in Walldorf, Germany.

3.   The Company is incorporated
for an indefinite period of time.

Section 2

Corporate Purpose




|   |                                                                                                                                                                                                                                                                    
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. | The corporate purpose of the Company is direct or
    indirect activity in the area of development, production, and
    marketing of products and the provision of services in the field
    of information technology, and particular in the following
    fields:



| |   |                                                                                                                                                                                                            
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Developing and marketing integrated product and
    service solutions for e-commerce                                                                                                                       
|
| |  | Developing software for information technology
    and the licensing of its use to others                                                                                                                  
|
| |  | Organization and deployment consulting, as well
    as user training, for e-commerce and other software solutions                                                                                          
|
| |  | Selling, leasing, renting, and arranging the
    procurement and provision of all other forms of use of
    information technology systems and relevant accessories                                        
|
| |  | Making capital investments in enterprises active
    in the field of information technology to promote the opening
    and advancement of international markets in the field of
    information technology.



|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|2. | The Company is authorized to act in all the
    business areas listed in paragraph 1 and to delegate such
    activities to affiliated enterprises within the meaning of the
    German Stock Corporation Act, sections 15 and the
    following; in particular the Company is authorized to delegate
    its business in whole or in parts to such enterprises. The
    Company is authorized to establish branch offices in Germany and
    other countries to found, acquire, and invest in other companies
    of the same or related kind and to enter into collaboration and
    joint venture agreements. The Company is further authorized to
    invest in enterprises of all kinds principally for the purpose
    of placing financial resources. The Company is authorized to
    dispose of investments, to





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|   |                                                                                                                                                                                       
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   | consolidate the management of enterprises in
    which it participates, to enter into affiliation agreements with
    such enterprises, or to do no more than manage its shareholding.
|  
|3. | The Company is authorized to take all actions and
    measures that are consistent with the corporate purpose or that
    directly or indirectly further the corporate purpose.       

Section 3

Official Notices


The Companys official notices shall be
published in the Bundesanzeiger (the official
gazette of the Federal Republic of Germany) only.

II. Capital Stock and Shares

Section 4

Capital Stock




|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. | The Companys capital stock amounts to
    314,842,349 and
    is divided into 314,842,349 no-par ordinary shares.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|  
|2. | The shares are individual shares. They are in
    bearer form.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|  
|3. | Subject to the consent of the Supervisory Board,
    the Executive Board shall determine the form of the share
    certificates, dividend coupons, and renewal coupons, as well as
    bonds and interest coupons. The Company may combine single
    shares of the same class into share certificates certifying a
    majority of shares of that class (multiple shares). Shareholders
    are not entitled to share certificates.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|  
|4. | When new shares are issued, the commencement of
    dividend entitlement in respect of these new shares may be
    determined in derogation of the German Stock Corporation Act,
    section 60 (2).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|  
|5. | The Companys capital stock is subject to a
    contingent increase by up to
    921,465, divided
    into up to 921,465 no-par ordinary voting bearer shares in the
    form of individual shares (Contingent Capital IIa). The
    contingent capital increase shall be effected only to the extent
    that the holders of the convertible bonds issued by the
    Executive Board by virtue of the resolution of the General
    Meeting of Shareholders of June 22, 1994 actually exercise
    their conversion rights in respect of ordinary shares in the
    Company. The new shares are eligible for dividends as of the
    beginning of the fiscal year in which they are issued. The
    Executive Board shall be entitled to determine the further
    details of the implementation of such contingent capital
    increase.                                                                                                                                                                                                                                                                                                                                                        
|  
|6. | Subject to the consent of the Supervisory Board,
    the Executive Board is authorized to increase the Companys
    capital stock, on one or more occasions on or before May 1,
    2006, by up to an aggregate amount of
    60 million
    against contribution in cash by issuing new no-par ordinary
    voting bearer shares (Authorized Capital I). The new shares
    shall be offered to the shareholders for subscription. Subject
    to the consent of the Supervisory Board, the Executive Board is
    authorized, however, to exclude fractional shares from the
    shareholders preemptive subscription rights. Subject to
    the consent of the Supervisory Board, the Executive Board is
    authorized to determine the further details of the
    implementation of the capital increases from Authorized Capital
    I. The Supervisory Board is authorized to amend the wording of
    the Articles of Incorporation after the full or partial
    implementation of the capital stock increase from Authorized
    Capital I or after the expiration of the authorization
    period in accordance with the scope of the capital increase from
    Authorized Capital I.
|  
|7. | The Companys capital stock is subject to a
    further contingent increase by
    11,487,855 by
    issuing up to 11,487,855 no-par ordinary voting bearer shares
    (Contingent Capital IIIa). This contingent capital increase
    shall be effected only to the extent that the holders of the
    convertible bonds and stock options that were                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             



Articles of SAP Aktiengesellschaft Systeme
Anwendungen, Produkte in der Datenverarbeitung


after the General Meeting of Shareholders
May 3, 2002, applying agenda item 10, amendment of the
title of section 20, addition


of section 20 (3) and (4), and addition
of section 23 (7)


Page 2



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|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   | issued by SAP AG under the SAP AG 2000
    Long Term Incentive Plan by virtue of the authorizing resolution
    adopted by the General Meeting of Shareholders of
    January 18, 2000, supplemented and adjusted by the
    resolutions adopted by the General Meeting of Shareholders of
    May 3, 2001, actually exercise their conversion rights or
    subscription rights, as the case may be, in respect of ordinary
    shares in the Company and the Company does not grant treasury
    shares in satisfaction of such conversion rights or subscription
    rights. The new shares issued in connection with the exercise of
    such conversion or subscription rights shall be eligible for
    dividends as of the beginning of the fiscal year with regard to
    which, as at the time of exercise of the conversion or
    subscription rights, no resolution by the General Meeting of
    Shareholders concerning the appropriation of the retained
    earnings for the year has been adopted.
|  
|8. | Subject to the consent of the Supervisory Board,
    the Executive Board is authorized to increase the Companys
    capital stock, on one or more occasions on or before May 1,
    2006, by up to an aggregate amount of
    60 million
    against contributions in cash or in kind by issuing new no-par
    ordinary voting bearer shares (Authorized Capital II).
    Subject to the consent of the Supervisory Board, the Executive
    Board is authorized to exclude the shareholders statutory
    preemptive subscription rights:                                                                                                                                                                                                                                                                                                                                                                                                                                                                     



| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | In respect of fractional shares                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|
| |  | Where the capital is increased against
    contributions in cash and the portion of the capital stock
    represented by the new shares in respect of which the preemptive
    subscription rights are excluded does not exceed 10% of such
    capital stock at the time the new shares are issued and the
    issue price of the new shares is not materially below the stock
    exchange price of listed shares of the same class carrying the
    same rights at the time the Executive Board finally determines
    the issue price, as provided in the German Stock Corporation
    Act, section 203 (1) and (2) and
    section 186 (3) sentence 4
|
| |  | Where the capital is increased against
    contributions in kind to obtain shares for the acquisition of
    enterprises or interests therein                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             



| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Subject to the consent of the Supervisory Board,
    the Executive Board is authorized to determine the further
    details of the implementation of the capital increases from
    Authorized Capital II. The Supervisory Board is authorized
    to amend the wording of the Articles of Incorporation after the
    full or partial implementation of the capital stock increase
    from Authorized Capital II or after the expiration of the
    authorization period in accordance with the scope of the capital
    increase from Authorized Capital II.



|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|9.  | The capital stock is subject to a further
    contingent increase of
    25 million,
    divided into up to 25 million ordinary voting bearer shares
    (Contingent Capital IV). The contingent capital stock
    increase shall be effected only to the extent that holders of
    warrants or conversion rights attaching to bonds with detachable
    warrants or convertible bonds issued or guaranteed by SAP AG or
    by its fully-owned direct or indirect German or foreign
    affiliates on or before May 1, 2006 exercise their warrant
    or conversion rights or to the extent that holders under a duty
    to convert convertible bonds issued or guaranteed by SAP AG or
    by its fully-owned direct or indirect affiliates on or before
    May 1, 2006 perform their duty to convert. The new shares
    are eligible for dividends as of the beginning of the fiscal
    year in which they arise through the exercise of warrant rights
    or the conversion of convertible bonds.                                                     
|   
|10. | The Companys capital stock is subject to a
    further contingent increase by
    515,498, divided
    into up to 515,498 individual no-par non-voting preference
    bearer shares carrying preferential rights to profits in
    accordance with section 23 (6) of these Articles
    of Incorporation and ranking equally with any preference shares
    already issued under Contingent Capital II and Contingent
    Capital III (Contingent Capital III). This contingent
    capital increase shall be effected only to the extent that the
    holders of convertible bonds and stock options issued by SAP AG
    on or before March 16, 2001 under the SAP AG 2000
    Long Term Incentive Plan by virtue of the authorization
    resolution adopted by the General Meeting of Shareholders of
    January 18, 2000 are entitled to any conversion rights or
    subscription rights, as the case may be, in respect of
    preference shares in the Company and actually exercise those
    rights and the Company does not grant treasury shares in



Articles of SAP Aktiengesellschaft Systeme
Anwendungen, Produkte in der Datenverarbeitung


after the General Meeting of Shareholders
May 3, 2002, applying agenda item 10, amendment of the
title of section 20, addition


of section 20 (3) and (4), and addition
of section 23 (7)


Page 3



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|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    | satisfaction of the conversion rights or
    subscription rights, as the case may be. The new shares issued
    in connection with the exercise of such conversion or
    subscription rights are eligible for dividends as of the
    beginning of the fiscal year with regard to which, as at the
    time of the exercise of the conversion or subscription rights,
    no resolution by the General Meeting of Shareholders concerning
    the appropriation of retained earnings for the year has been
    adopted.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|   
|11. | The Companys capital stock is subject to a
    further contingent increase by
    19,015,415 by
    issuing up to 19,015,415 no-par ordinary voting bearer shares
    (Contingent Capital VI). This contingent Capital Increase
    shall be effected only to the extent that the holders of the
    stock options issued by SAP AG under the SAP Stock Option
    Plan 2002 on or before April 30, 2007 by virtue of the
    authorizing resolution of the General Meeting of Shareholders of
    May 3, 2002 actually exercise their subscription rights in
    respect of shares in the Company and the Company does not grant
    treasury shares in satisfaction of such subscription rights, or
    such subscription rights are satisfied by way of having shares
    in the Company transferred to the beneficiaries by a credit
    institution acting under an agreement with the Company. The new
    shares issued in connection with the exercise of such
    subscription rights shall be eligible for dividends with effect
    from the beginning of the fiscal year with regard to which, at
    the time of exercise of the subscription right, no resolution by
    the General Meeting of Shareholders concerning the appropriation
    of the retained earnings for the year has been adopted.
|   
|12. | The Executive Board is authorized, subject to the
    consent of the Supervisory Board, to increase the capital stock
    on one or more occasions on or before May 1, 2007 by up to
    an aggregate amount of
    15 million
    against contribution in cash by issuing new no-par ordinary
    voting bearer shares (Authorized Capital III). The new
    shares may be subscribed by a credit institution only, and only
    to the extent that such credit institution, releasing SAP AG
    from its corresponding obligation,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               



| |   |                                                                                                                                                                                                                                                                                                                                                                                                                         
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Satisfies the subscription rights granted to
    members of the management board, executives, and other top
    performers of any of SAP AGs Group Companies under the SAP
    Stock Option Plan 2002 pursuant to the authorization given by
    the General Meeting of Shareholders of May 3, 2002 and such
    rights are in accordance with the resolution by the General
    Meeting of Shareholders of May 3, 2002

or



| |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  | Satisfies the conversion and subscription rights
    granted to members of the management board, executives, and
    other top performers of any of SAP AGs Group Companies
    under the SAP AG 2000 Long Term Incentive Plan pursuant to the
    authorization given by the General Meeting of Shareholders of
    January 18, 2000, supplemented and adjusted by the
    resolutions adopted by the General Meeting of Shareholders of
    May 3, 2001, and such rights are in accordance with the
    resolution by the General Meeting of Shareholders of
    January 18, 2000 and the supplementing and adjusting
    resolutions adopted by the General Meeting of Shareholders of
    May 3, 2001



| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | The Executive Board may exercise this
    authorization only to the extent that the capital stock
    attributable pro rata to the new shares issued from this
    Authorized Capital III, to the new shares from contingent
    capital, and to the treasury shares issued or transferred since
    the coming into effect of this authorization to satisfy
    subscription rights under the German Stock Corporation Act,
    section 192  (2) No. 3 does not together exceed
    10% of the capital stock as it was at the time of adoption of
    the resolution by the General Meeting of Shareholders of
    May 3, 2002. The shareholders preemptive subscription
    rights shall be excluded.



Articles of SAP Aktiengesellschaft Systeme
Anwendungen, Produkte in der Datenverarbeitung


after the General Meeting of Shareholders
May 3, 2002, applying agenda item 10, amendment of the
title of section 20, addition


of section 20 (3) and (4), and addition
of section 23 (7)


Page 4



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III. Constitution and Management of the Company

Section 5

Governing Bodies


The Companys governing bodies are:

a)   The Executive Board


b)   The Supervisory Board


c)   The General Meeting of
Shareholders


The Executive Board

Section 6

Composition of the Executive Board




|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. | The Executive Board shall consist of at least two
    persons. The appointment of deputy members of the Executive
    Board is admissible. The latter have the same rights as the full
    members of the Executive Board regarding the external
    representation of the Company.                                                                                                                                                                                                                          
|  
|2. | The determination of the number and the
    appointment of the full members and the deputy members of the
    Executive Board, the conclusion of their employment contracts,
    and the revocation of their appointments are the responsibility
    of the Supervisory Board, as are the appointment of a member of
    the Executive Board as chairperson of the Executive Board and
    the appointment of one or more member/s of the Executive Board
    as deputy chairperson/s of the Executive Board.

Section 7

Rules of Procedure and Resolutions of the
Executive Board




|   |                                                                                                                                                                                                                                                                                     
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. | The Executive Board shall unanimously adopt its
    own rules of procedure.                                                                                                                                                                                                         
|  
|2. | Resolutions of the Executive Board shall be
    adopted by a simple majority vote. Should a vote be tied, the
    chairperson of the Executive Board, or  if the
    chairperson is unable to vote  the deputy chairperson
    of the Executive Board shall have the casting vote.

Section 8

Legal Representation of the Company


The Company shall be legally represented

a)   By two members of the
Executive Board


|   |                                                                                                                                                                                                 
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|b) | By one member of the Executive Board acting
    jointly with one registered authorized officer of the Company
    (a procurist in the meaning of the German Commercial Code,
    sections 48-53)

Section 9

Limitation of the Executive Boards
Authority


The Executive Board owes a duty to the Company to
adhere to the limitations imposed by the Articles of
Incorporation or the Supervisory Board regarding the scope of
its management authority or which result from a resolution
adopted by the General Meeting of Shareholders pursuant to the
German Stock Corporation Act, section 119.



Articles of SAP Aktiengesellschaft Systeme
Anwendungen, Produkte in der Datenverarbeitung


after the General Meeting of Shareholders
May 3, 2002, applying agenda item 10, amendment of the
title of section 20, addition


of section 20 (3) and (4), and addition
of section 23 (7)


Page 5



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The Supervisory Board

Section 10

Composition, Term of Office




|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. | The Supervisory Board shall be composed of
    16 members. The shareholders shall elect eight members, and
    the employees shall elect eight members in accordance with the
    provisions of the German Codetermination Act of 1976.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  
|2. | Unless the General Meeting of Shareholders
    specifies a shorter term of office when electing individual
    members of the Supervisory Board or the entire Supervisory
    Board, the members of the Supervisory Board shall be appointed
    for a period ending with the General Meeting of Shareholders at
    which the acts of the Supervisory Board were formally approved
    for the fourth fiscal year following commencement of the term of
    office, not counting the fiscal year in which their term of
    office commences.                                                                                                                                                                                                                                                                                                     
|  
|3. | Substitutes for shareholders
    representatives on the Supervisory Board may be elected to
    replace members who resign prior to the expiry of their term;
    the order of their succession shall be stipulated at the time of
    their election.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|  
|4. | In the event that a shareholders
    representative is elected to replace a member of the Supervisory
    Board who resigns, the successor shall be appointed for the
    remaining term of office of the resigning member. In the event
    that a substitute member succeeds the resigning member, his or
    her term of office shall expire either as of the conclusion of
    the next General Meeting of Shareholders at which new members of
    the Supervisory Board are elected or at the latest upon expiry
    of the term of office of the resigning member of the Supervisory
    Board. In the event that the General Meeting of Shareholders
    elects a new representative to replace a member who has already
    been succeeded by a substitute member, the successor reverts to
    his or her position as substitute member.
|  
|5. | The members and substitute members of the
    Supervisory Board may resign from office by submitting a written
    statement addressed to the chairperson of the Supervisory Board
    or to the Executive Board observing a period of notice of four
    weeks.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   

Section 11

Duties and Responsibilities of the Supervisory
Board




|   |                                                                                                                                                                                                                                                                     
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. | The Supervisory Board shall have all of the
    duties and rights that are conferred upon it by law, the
    Articles of Incorporation, or otherwise. Both the Executive and
    Supervisory Boards shall be entitled to call a General Meeting
    of Shareholders.
|  
|2. | The Supervisory Board shall be authorized to
    amend the Articles of Incorporation where such amendments only
    concern the wording.                                                                                                                            
|  
|3. | The Supervisory Board shall be entitled at any
    time to supervise all management activities of the Executive
    Board and to this end to inspect and examine all books and
    records as well as the assets of the Company.                                    
|  
|4. | The Executive Board shall report to the
    Supervisory Board continuously to the extent stipulated by law.                                                                                                                                                         
|  
|5. | The Supervisory Board may set up committees from
    among its number and, to the extent permitted by law, may
    delegate decision-making powers to them.                                                                                                         



Articles of SAP Aktiengesellschaft Systeme
Anwendungen, Produkte in der Datenverarbeitung


after the General Meeting of Shareholders
May 3, 2002, applying agenda item 10, amendment of the
title of section 20, addition


of section 20 (3) and (4), and addition
of section 23 (7)


Page 6



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Section 12

Declarations of Intent of the Supervisory
Board




|   |                                                                                                                                                                                                                                                  
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. | Declarations of intent of the Supervisory Board
    and its committees shall be given on behalf of the Supervisory
    Board by the chairperson or  should he or she be
    unable to do so  by the deputy chairperson.                        
|  
|2. | The chairperson of the Supervisory Board or his
    or her deputy shall be the permanent representative of the
    Supervisory Board vis-à-vis third parties, especially
    vis-à-vis courts and authorities as well as the Executive
    Board.

Section 13

Chairperson and Deputy Chairperson




|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. | Following a General Meeting of Shareholders at
    which all members of the Supervisory Board to be elected by the
    General Meeting of Shareholders have been newly appointed, a
    meeting of the Supervisory Board shall take place, which shall
    be held without special invitation. At this meeting the
    Supervisory Board shall elect a chairperson and a deputy
    chairperson from among its number for the term of its office.                                                                                                                                                                                            
|  
|2. | If a chairperson or a deputy chairperson of the
    Supervisory Board is not elected with the required majority,
    there shall be a second ballot to elect the chairperson and the
    deputy chairperson of the Supervisory Board. In this ballot the
    members representing the shareholders shall elect the
    chairperson and the members representing the employees shall
    elect the deputy chairperson; in both cases a simple majority of
    the votes cast is required.                                                                                                                                                     
|  
|3. | Following the election of the chairperson and the
    deputy chairperson of the Supervisory Board, the Supervisory
    Board shall form a committee in order to exercise the duties
    stipulated in the German Codetermination Act, section 31
    (3) sentence 1. This committee shall consist of the
    chairperson and the deputy chairperson of the Supervisory Board
    as well as two other members of the Supervisory Board, one to be
    elected by the employees representatives and the other by
    the shareholders representatives on the Supervisory Board.
    Both members shall be elected by a simple majority vote.
|  
|4. | If the chairperson is unable to discharge the
    duties of his or her office, the deputy chairperson shall do so
    in his or her place. This provision shall not affect section 20
    (1).                                                                                                                                                                                                                                                                                                                                                                                                                                               
|  
|5. | If the chairperson or deputy chairperson leaves
    the Supervisory Board before the end of his or her term of
    office, an election shall be held without delay to replace him
    or her. The same shall apply if any other member of the
    committee referred to in paragraph 3 leaves before the end of
    his or her term of office.                                                                                                                                                                                                                                                                                               

Section 14

Invitations to Meetings and
Resolutions




|   |                                                                                                                                                                                                                                                                                                                                                                                                                                 
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. | The Supervisory Board shall adopt its own rules
    of procedure by a simple majority vote. The following provisions
    apply to invitations to meetings, quorums, and resolutions.
    Supplementary provisions may be stipulated in the rules of
    procedure.                                                                                                                                                              
|  
|2. | The chairperson shall call Supervisory Board
    meetings by written invitation, allowing a notice period of
    14 days before the day of the meeting. The day on which the
    invitation is sent and the day of the meeting do not count
    toward the notice period. In urgent cases the chairperson may
    shorten the notice period and call the meeting by word of mouth,
    telephone, telex, telegram, or facsimile.
|  
|3. | In the regular case, the meetings of the
    Supervisory Board and its committees shall be by way of
    members attendance in person. The Supervisory Board may
    provide in its rules of procedure that the meetings of the                                                                                                                                                                                                



Articles of SAP Aktiengesellschaft Systeme
Anwendungen, Produkte in der Datenverarbeitung


after the General Meeting of Shareholders
May 3, 2002, applying agenda item 10, amendment of the
title of section 20, addition


of section 20 (3) and (4), and addition
of section 23 (7)


Page 7



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##### 



|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   | Supervisory Board and its committees may also be
    held by video conference or that individual members of the
    Supervisory Board may attend the meeting by way of video
    transmission, subject to the proviso that in such cases,
    resolutions may also be adopted by video conference or by way of
    video transmission, respectively.                                                                                                                                                                                                                                          
|  
|4. | The Supervisory Board may provide in its rules of
    procedure for the permissibility of the adoption of resolutions
    of the Supervisory Board and its committees outside meetings in
    correspondence, by telephone or in any other similar manner
    suitable for the adoption of resolutions, in particular by
    videoconference. Any resolutions adopted by telephone or by any
    other non-written transmission procedures shall be subsequently
    confirmed in writing.                                                                                                    
|  
|5. | The Executive Board may attend the meetings of
    the Supervisory Board in an advisory capacity.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|  
|6. | The quorum for a meeting of the Supervisory Board
    shall be eight members. Unless otherwise required by law or
    these Articles of Incorporation, the resolutions of the
    Supervisory Board shall be adopted by a simple majority of the
    votes cast. In the event that a vote in the Supervisory Board is
    tied, and if one further vote on the same motion is also tied,
    the chairperson shall have the casting vote. Such casting vote
    may be cast in the manner specified in paragraphs 3 and
    4 above. The deputy chairperson shall not have a casting
    vote.

Section 15

Duty of Secrecy




|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. | The members of the Supervisory Board shall
    maintain secrecy in respect of any confidential information and
    secrets of the Company, notably business and trade secrets, that
    become known to them because of their membership of the
    Supervisory Board. Persons attending meetings of the Supervisory
    Board who are not members of the Supervisory Board shall be
    expressly enjoined to secrecy.                                                                                                                                                                                             
|  
|2. | In the event that a member of the Supervisory
    Board intends to pass information on to a third party, he or she
    shall notify the Supervisory Board and the Executive Board of
    that intention in advance, naming the persons he or she wishes
    to inform. The Supervisory Board and the Executive Board must be
    given the opportunity to decide prior to the disclosure of
    information whether they consider such disclosure to violate
    paragraph 1 or not. The decision shall be delivered by the
    chairperson of the Supervisory Board and the chairperson of the
    Executive Board.
|  
|3. | The members of the Supervisory Board shall
    continue to maintain secrecy as set forth in the foregoing
    paragraphs after they leave the Supervisory Board.                                                                                                                                                                                                                                                                                                                                                                                                                                                    

Section 16

Remuneration




|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. | Each member of the Supervisory Board shall, in
    addition to the reimbursement of his or her expenditure, receive
    remuneration composed of a fixed element and a variable element.                                                                                                                                                                                                                                                                                                                                            
|  
|2. | The fixed remuneration element shall be
    50,000 for the
    chairperson,
    37,500 for the
    deputy chairperson, and
    25,000 for other
    members of the Supervisory Board. The fixed remuneration element
    shall be due for payment after the end of the fiscal year.                                                                                                                                                                                                                                              
|  
|3. | For each
    0.01 by which
    the dividend distributed per share exceeds
    0.40, the
    variable remuneration element shall be
    2,000 for the
    chairperson,
    1,500 for the
    deputy chairperson, and
    1,000 for other
    members of the Supervisory Board. The variable remuneration
    element shall be due for payment on the first business day
    following the Annual General Meeting of Shareholders resolving
    upon the appropriation of the retained earnings for the relevant
    fiscal year.



Articles of SAP Aktiengesellschaft Systeme
Anwendungen, Produkte in der Datenverarbeitung


after the General Meeting of Shareholders
May 3, 2002, applying agenda item 10, amendment of the
title of section 20, addition


of section 20 (3) and (4), and addition
of section 23 (7)


Page 8



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##### 





|   |                                                                                                                                                                                                        
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|4. | The aggregate remuneration shall not, however,
    exceed 100,000
    for the chairperson,
    75,000 for the
    deputy chairperson, and
    50,000 for other
    members of the Supervisory Board.
|  
|5. | Any members of the Supervisory Board having
    served for less than the entire fiscal year shall receive one
    twelfth of their respective remuneration for each month of
    service commenced.    
|  
|6. | Any value-added tax or sales tax invoiced by a
    member of the Supervisory Board or shown in a credit memo
    against the invoice shall additionally be paid in the applicable
    statutory amount.

The General Meeting of Shareholders

Section 17

Calling the General Meeting of
Shareholders




|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. | The General Meeting of Shareholders shall be held
    in the domicile of the Company, at a location within a radius of
    50 km from the domicile of the company, or in a city in the
    Federal Republic of Germany where a stock exchange is located.
    In the event that it is difficult to hold the General Meeting of
    Shareholders at these venues, the Executive Board or the
    Supervisory Board may call the meeting at a different venue. The
    invitation shall state the venue of the General Meeting of
    Shareholders.
|  
|2. | The Executive Board or the Supervisory Board
    shall call the General Meeting of Shareholders.                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|  
|3. | The Annual General Meeting of Shareholders shall
    be called by publication of a single announcement in the
    official gazette of the Federal Republic of Germany, giving the
    information required by law, and the publication shall be timed
    to allow a period of one month between the publication day and
    the last day for deposit in the meaning of
    section 18 (2) of these Articles of Incorporation, not
    counting those two days.                                                                                  

Section 18

Right to Attend the General Meeting of
Shareholders




|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. | Shareholders are entitled to participate in the
    General Meeting of Shareholders provided they have deposited
    their shares at the Company or at other places stipulated in the
    invitation or at a collective security deposit bank or with a
    notary public during normal business hours, and leave them there
    until the conclusion of the General Meeting of Shareholders.                                                                                                                            
|  
|2. | The deposit shall be effected not later than
    seven days before the General Meeting of Shareholders. Should
    this day fall on a Sunday, a public holiday at the place of
    deposit, or a Saturday, the deposit may be effected on the
    immediately following business day, for which purpose Saturday
    shall be deemed not to be a business day.                                                                                                                                                           
|  
|3. | Shares shall also be deemed properly deposited
    if, with the approval of and on behalf of a depositary, they are
    kept blocked at another bank until the conclusion of the General
    Meeting of Shareholders.                                                                                                                                                                                                                                                                                                    
|  
|4. | Where shares are deposited with a notary public,
    the original depositary receipt issued by the notary public or a
    certified copy thereof must be filed with the Company not later
    than the day following the last day for proper deposit. Should
    this day fall on a Sunday, a public holiday at the
    Companys domicile, or a Saturday, the notice of deposit
    may be submitted on the immediately following business day, for
    which purpose Saturday shall be deemed not to be a business day.
|  
|5. | Details regarding the depositing of shares and
    the issuance of voting cards shall be published in the
    invitation.                                                                                                                                                                                                                                                                                                                                                                                                



Articles of SAP Aktiengesellschaft Systeme
Anwendungen, Produkte in der Datenverarbeitung


after the General Meeting of Shareholders
May 3, 2002, applying agenda item 10, amendment of the
title of section 20, addition


of section 20 (3) and (4), and addition
of section 23 (7)


Page 9



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##### 



Section 19

Voting Rights




|   |                                                                                                                                                                                                                                                                                                                                                 
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. | Each ordinary share carries one vote. If any
    preference shares in the Company have been issued, they shall
    not carry voting rights except as required by law. To the extent
    that such preference shares carry voting rights in accordance
    with applicable law, each preference share shall carry one vote.                      
|  
|2. | Voting rights may be exercised by proxy. An
    unnotarized written document shall be sufficient for the
    appointment of a proxy. If so provided in the invitation to the
    General Meeting of Shareholders, a proxy may also be appointed
    by transmitting the appointment document to the Company via
    facsimile or electronically.
|  
|3. | If no share certificates have been issued, the
    invitation to the General Meeting of Shareholders shall
    stipulate the provisions that have to be fulfilled by the
    shareholders in order to prove their voting rights.                                                                                                                

Section 20

Leadership of the General Meeting of
Shareholders


Participation of Executive Board Members and
Supervisory Board Members,


Video Transmission




|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. | The chairperson of the Supervisory Board shall
    preside over the General Meeting of Shareholders. If he or she
    is unable to do so, he or she shall determine another member of
    the Supervisory Board to discharge this duty. If the chairperson
    is prevented from presiding over the meeting and has not
    determined another member to take his or her place, a member of
    the Supervisory Board elected by the shareholders
    representatives on the Supervisory Board shall preside over the
    General Meeting of Shareholders.
|  
|2. | The chairperson shall lead the proceedings and
    shall determine both the order of the agenda and the form of
    voting. The result of a vote may be determined by subtracting
    the affirmative votes or the negative votes and the abstentions
    from the total number of votes to which the voters are entitled.                                                                                                                                                                                                                                 
|  
|3. | The members of the Executive Board and
    Supervisory Board should take part in the General Meeting of
    Shareholders in person. If any member of the Supervisory Board
    is unable to attend the General Meeting of Shareholders in
    person because he or she has good reason to be abroad, it is
    possible for him or her to take part via video transmission.                                                                                                                                                                                
|  
|4. | The General Meeting of Shareholders can be
    transmitted by video in part or in full. The public may have
    unrestricted access to the transmission. The manner of
    transmission shall be announced in the invitation.                                                                                                                                                                                                                                                                                                                              

Section 21

Resolutions of the General Meeting of
Shareholders




|   |                                                                                                                                                                                                                                                                                                          
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. | The resolutions of the General Meeting of
    Shareholders shall be adopted with the majorities provided by
    law.                                                                                                                                                                                     
|  
|2. | If a vote is tied, the motion shall be deemed
    rejected, except in the case of election ballots.                                                                                                                                                                                                      
|  
|3. | If no candidate receives a simple majority of
    votes during the first ballot in an election, a second, deciding
    ballot shall be conducted between the candidates who received
    the largest number of votes. If the second ballot is tied, the
    election shall be determined by drawing lots.



Articles of SAP Aktiengesellschaft Systeme
Anwendungen, Produkte in der Datenverarbeitung


after the General Meeting of Shareholders
May 3, 2002, applying agenda item 10, amendment of the
title of section 20, addition


of section 20 (3) and (4), and addition
of section 23 (7)


Page 10



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##### 



Section 22

Record of the General Meeting of
Shareholders




|   |                                                                                                                                                                                
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. | The proceedings at the General Meeting of
    Shareholders shall be recorded by notarial deed, and the record
    shall be signed by the notary public.                        
|  
|2. | The record shall have full probative value for
    the shareholders, both with regard to their relationship
    inter seand in their relationship to their
    representatives.
|  
|3. | The proxy documents need not be attached to the
    record.                                                                                                                    

IV. Annual Financial Statements and Appropriation of
Retained Earnings

Section 23

Fiscal Year, Annual Report and Financial
Statements, Formal Approval of the


Acts of the Executive and Supervisory Boards,
Distribution of Retained Earnings




|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1. | The fiscal year shall be the calendar year.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|  
|2. | The Executive Board shall prepare the review of
    operations and the annual financial statements for the previous
    fiscal year and submit them to the Supervisory Board and to the
    auditor in the first three months of each fiscal year. At that
    time the Executive Board shall submit to the Supervisory Board
    the proposal it wishes to make to the General Meeting of
    Shareholders concerning the appropriation of retained earnings.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|  
|3. | The annual financial statements, the review of
    operations, the report of the Supervisory Board, and the
    Executive Boards proposal for the appropriation of the
    retained earnings shall be available for the shareholders
    inspection at the business premises of the Company from the time
    the General Meeting of Shareholders is called.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|  
|4. | Each year, after receiving the report to be
    rendered by the Supervisory Board pursuant to the German Stock
    Corporation Act, section 171 (2), the General Meeting of
    Shareholders shall resolve within the first eight months of the
    fiscal year on the formal approval of the acts of the Executive
    and Supervisory Boards, the appropriation of the retained
    earnings, the appointment of the auditor, and in the cases
    provided for by law, the approval of the annual financial
    statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|  
|5. | When approving the annual financial statements,
    the Executive and Supervisory Boards shall be authorized to
    transfer to revenue reserves either all or part of the annual
    net income remaining after deduction of amounts to be
    transferred to the legal reserves and of any accumulated losses
    carried forward. The Executive and Supervisory Boards may not
    transfer more than one half of the annual net income if, after
    such transfer, the other revenue reserves would exceed one half
    of the capital stock.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|  
|6. | If any non-voting preference shares in the
    Company have been issued, the holders of such preference shares
    shall receive a share of the retained earnings to be distributed
    that exceeds the dividend paid on ordinary shares by at least
    1 euro cent and is equal to not less than 1 euro cent
    per preference share. In the event that the retained earnings of
    a fiscal year are not sufficient to pay the preferred amount
    pursuant to sentence 1, the retained earnings of the subsequent
    fiscal year shall first be used to pay the arrears without
    interest before the entire preferred amount for that fiscal year
    is distributed to the holders of preference shares. In the event
    of there being outstanding preferred amounts for several fiscal
    years, the retained earnings shall first be used to pay the
    arrears without interest in the order of their accrual, and when
    all arrears have been paid, the remainder shall be used to pay
    the preferred amount for the fiscal year preceding the dividend
    distribution. The right to back payment constitutes part of the
    share in the profits of that fiscal year of which the retained
    earnings are used to make the back payment on the preference
    shares.



Articles of SAP Aktiengesellschaft Systeme
Anwendungen, Produkte in der Datenverarbeitung


after the General Meeting of Shareholders
May 3, 2002, applying agenda item 10, amendment of the
title of section 20, addition


of section 20 (3) and (4), and addition
of section 23 (7)


Page 11



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##### 





|   |                                                                                                                                                                  
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------
|7. | Instead of distributing a cash dividend, the
    General Meeting of Shareholders can resolve to appropriate
    retained earnings by way of distribution in kind.

Section 24

Costs of Incorporation and
Conversion


The Company shall bear all costs connected with
its incorporation and conversion, estimated to be
DM 250,000.



---

 End of Articles of Incorporation 



Articles of SAP Aktiengesellschaft Systeme
Anwendungen, Produkte in der Datenverarbeitung


after the General Meeting of Shareholders
May 3, 2002, applying agenda item 10, amendment of the
title of section 20, addition


of section 20 (3) and (4), and addition
of section 23 (7)


Page 12



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##### 



Certificate

I certify that this complete text of the Articles
of Incorporation contains the amendments as resolved and the
unamended provisions corresponding to the last previous full
text of the Articles of Incorporation filed on the commercial
register. The amendments reflect the amending resolutions of the
General Meeting of Shareholders of May 3, 2002, agenda
item 10, as recorded in my Report 5 UR 862/2002,
after applying agenda items 10 (a) and
(b) (amendment of the title of section 20, addition of
section 20 (3) and (4), and addition of
section 23 (7) after entry into force of the German
Transparency and Publicity Act).



| |                                                 
| | ------------------------------------------------
| | Heidelberg, August 15, 2002                     
| | Notarys Office No. 5 Heidelberg                
|
| | Gaul, Senior Officer of the Court, Notary Public



Articles of SAP Aktiengesellschaft Systeme
Anwendungen, Produkte in der Datenverarbeitung


after the General Meeting of Shareholders
May 3, 2002, applying agenda item 10, amendment of the
title of section 20, addition


of section 20 (3) and (4), and addition
of section 23 (7)


Page 13